Husky Energy Announces 2006 Third Quarter Results

Husky Energy Inc. reported net earnings of $682 million or $1.61 per share (diluted) in the third quarter of 2006, up 23 percent from $556 million or $1.31 per share (diluted) in the third quarter of 2005. Cash flow from operations in the third quarter was $1.2 billion or $2.88 per share (diluted), a 30 percent increase compared with $944 million or $2.23 per share (diluted) for the same period in 2005. Sales and operating revenues, net of royalties, were $3.4 billion in the third quarter of 2006, compared with $2.6 billion in the third quarter of 2005.